The suburb’s capital gain of 2.77% for the past year is higher than average compared to its 1.7% growth within a five-year period.
Also in MINERS REST, the median home price is sitting at $343,000, and the average rent at $330, this suggests property owners could potentially earn a 5% increase in gross rental yield.
Property investors have seen a 0.88% gain in MINERS REST based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.74% growth over a ten-year period. It ranks 2784th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.77%||N/A|
|Median 3 years||2.01%||N/A|
|Median 5 years||1.7%||N/A|
|10 years average annual||2.74%||N/A|
|Weekly media advert. rent||$330||N/A|
|Time on Market||81.9 days||N/A|
|Gross Rental Yield Percent||5%||N/A|